#81 T.T. Jagannathan

Third generation to run 83-year-old family conglomerate.

Third generation to run 83-year-old family conglomerate. Bulk of fortune comes from listed flagship TTK Prestige, which sells pressure cookers and kitchen appliances. The $172 million (sales) company earned spot in FORBES ASIA's list of Best Under A Billion companies for first time this year. Younger brother T.T. Raghunathan manages pharma arm TTK Healthcare out of Chennai.

His grandfather T.T. Krishnamachari, who founded empire, was India's finance minister for 3 terms

Locked in a legal tussle with U.K. consumer products firm Reckitt Benckiser, with whom it has a joint venture to make condoms, over differences relating to pricing, distribution and appointing directors.